The “older the better” saying seems to apply to new mortgage applicants as Millennials have the lowest credit scores when compared with older cohorts.
John Oliver took aim at the three major U.S. credit bureaus for their historical propensity for errors about consumers’ borrowing habits or other personal data.
Complaints involving “fees” increased the most quarter-to-quarter, jumping by 25.23 percent during the first three months of 2016.
The average household with credit card balances now owes $7,879, a surging trend indicating that consumers are reverting to pre-recession debt levels of more than five years ago.
Have you ever wondered about your neighbors’ credit scores? Or the median for your state? Wonder no more. Median credit scores by state range anywhere from 655 (fair) to 745…
One in 20 respondents to a new survey admitted having, or once having, a checking or savings account or credit card without telling their spouse or significant other.
One-third of Americans (32 percent) are dissatisfied with their credit score, while 28 percent lack confidence that their current score can help them accomplish their goals.
“Regardless of whether they currently own a credit card, 25 percent of Millennials describe credit cards as something that worsens their financial standing,” Facebook said.
The CFPB said its investigation found that the companies inaccurately reported information for more than 84,000 accounts on a “widespread and systemic basis.”
Auto loan balances increased for the 18th straight quarter, this time by $39 billion, and stand at $1.05 trillion as of the end of September.